INDIAN EQUITY MARKET WRAP UP-8 Sep 2015

INDIAN BENCHMARKS index closes at lowest in 15 months

                                                                 

INDIAN EQUITY BENCHMARKS ended nearly 2 percent higher on Tuesday in a volatile session boosted by financial sector shares on speculation the central bank may dilute its proposed guidelines on base rates. The S&P BSE Sensex and CNX Nifty ended 1.70%-1.71% higher each.

                                                 

Headlines for the day:

Future Lifestyle hikes stake in MFPL to 49.62%

Fundamentals intact; upgraded to buy with an unchanged PT

Annual report review; on the path of sustained business growth

                       

The crucial resistance for Nifty is now seen at 7755 and above this 7795. Support for the immediate term is now placed at 7665 and next support will be 7615.

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